Clif Bar Drops Climbers for Film Appearance
Clif Bar announced it will no longer sponsor climbers known primarily for free-soloing, BASE jumping and highlining after news broke that it fired five climbers from its team who appeared participating in those activities in a new documentary film the com
Hibbett Sports Third Quarter Comps Flag Amid Record Store Openings
Hibbett Sports Inc. reported a sharp drop in comp store sales growth in the 13 weeks ended Nov. 1, but was able to grow sales 5.0 percent to $218.3 million by opening a record 26 stores during the period. Comparable store sales for the recent quarter incr
Vista Outdoor Spin Off Back On
Alliant TechSystems Inc. is moving forward with plans to spin off its $2.3 billion-a-year sporting business as a publicly traded company as part of a merger of its aerospace and defense businesses with those of Orbital Sciences Corp…
Container Lines Waffle on Port Congestion Surcharges
In the space of five days last week, ocean container lines announced, suspended and then reimposed surcharges of up to $1,000 for every container imported through West Coast ports in a sign that chronic congestion at those ports is worsening. The waffling
Gluskin Townley Survey Shows Adult Bike Market Facing Tough Headwinds
A recently released report shows that while adult bicycle ownership increased by 648,000 people, or 2.6 percent from 2012 to 2014 in the United States, cyclists cut their visits to bike shops and intent to buy bikes dramatically during the period. While t
E-Bike Maker ProdecoTech Advances Toward Becoming Publicly Traded
Prodeco Technologies LLC, one of the country's largest e-bike makers, agreed Nov. 20 to be purchased by a penny stock company in a plan its owners hope will lead to a listing on a national stock exchange. The all-stock deal values the company at abou
Sheex Sues 37.5 for Patent Infringement
Sheex Inc. sued Cocona Inc. for patent infringement, alleging that its Sleep 37.5 sheets infringe on two patents Sheex received in 2013 to protect inventions it developed through years of research and development. In response, Cocona told Sports Executive
Perry Ellis Dismisses Buyout Talk
Perry Ellis International, the parent of several major golf brands and the Nike swim licensee, showed progress in its turnaround efforts, slashing its loss in the third quarter amid continued sluggish sales. But the apparel conglomerate spent much of last
Billabong’s U.S. Business on the Rebound
At its annual meeting last week, Billabong International Ltd. said U.S. sales are returning to growth for its flagship brand, Billabong, and reaccelerating for RVCA. For the Billabong brand, wholesale sales in the U.S. for the fiscal first quarter ended S
Foot Locker’s Hot Streak Continues
Led by robust sales across its Jordan portfolio as well as in marquee basketball footwear and lifestyle running product, Foot Locker Inc.’s earnings rose 15.4 percent in the third quarter, to $102 million, or 82 cents a share. On a conference call w
GoPro to Raise $97MM in Stock Sale
GoPro, which went public on June 26, is expected to raise $96.5 million before underwriting expenses through the sale of 1.29 million shares in a secondary offering. The offering was priced last Thursday at $75 a share…
Hibbett Sports’s Same-Store Sales Edge Up in Fiscal Third Quarter
Hibbett Sports Inc. reported net sales for the 13-week period ended Nov. 1, 2014, increased 5.0 percent to $218.3 million compared with $208.0 million for the 13-week period ended Nov. 2, 2013. Comparable store sales for the third quarter increased 0.6 pe
Foot Locker Q3 Earnings Rise 15 Percent
Foot Locker, Inc. reported third-quarter earnings rose 15.4 percent to $102 million, or 82 cents a share. Excluding a non-recurring charge, earnings rose to 83 cents from 68 cents, exceeding consensus estimates of 79 cents a share.
Third quarter comparabl
SIA’s On-Snow Demo to Host Race Benefit for Adaptive Sports
Retailers and others attending the 6th annual On-Snow Demo/Ski-Ride Fest & Nordic Demo after the 2015 SIA Snow Show next February are encouraged to register teams to compete in the Rhythm Rally, a banked slalom race to benefit Adaptive Action Sports (AAS)
Nike Raises Quarterly Dividend 17 Percent
Nike, Inc.'s board of directors on Wednesday declared a quarterly cash dividend of $0.28 per share on the company’s outstanding Class A and Class B Common Stock, a whopping 17 percent increase over the previous quarterly rate of $0.24…
